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Why AMD Stock Popped Today

TheMotleyFool

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Why AMD Stock Popped TodayPhoto, wide shot, wide-angle lens, Software company, sunset photo at golden hour, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/da273d82-9e59-413a-99b3-2b0094ff0854.png

Shares of Advanced Micro Devices (NASDAQ: AMD) rose 6.2% on Wednesday, following an analyst upgrade.

Goldman Sachs analyst Toshiya Hari raised his rating on AMD's stock from neutral to "conviction buy" and boosted his price forecast from $84 to $96. Hari's new target price represents potential gains to investors of roughly 18%, compared to the stock's closing price of $81.35 on Wednesday.

Goldman Sachs analysts see plenty of upside for Advanced Micro Devices' stock. Image source: Getty Images.

Source Fool.com

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